Hycroft Mining Holding Corp (HYMC)

[Wmucca]

Looking at the reserve statement and comparing it to the February 22,2022 statement there have been some changes. Its good to see the gold grade go up but disturbing to see the silver ounces and grade go down. I was under the impression there was an upside to silver grade and ounces. Looking at gross value at $1800 gold and $23 silver there appears to be a significant loss in reserve value.

2/22/2022
Material Classification Grade M Ounces
Gold Measured and Indicated 0.343 9.564
Gold Inferred 0.343 5
Silver Measured and Indicated 0.54 446
Silver Inferred 0.33 150.4
Gross Value $39,932,400,000.00

March 27,2023
Material Classification Grade M Ounces
Gold Measured and Indicated 0.413 10.581
Gold Inferred 0.387 3.356
Silver Measured and Indicated 0.401 360.664
Silver Inferred 0.389 96.117
Gross Value $35,592,563,000.00
Changes in Past Year
Material Classification Grade Ounces
Gold Measured and Indicated 120% 111%
Gold Inferred 113% 67%
Silver Measured and Indicated 74% 81%
Silver Inferred 118% 64%
Gross Value Change $(4,339,837,000.00)